12 Financial Apps You Must Have on Your Smartphone

Financial Apps

Money management is not the easiest thing to do. But now, financial apps have come to our rescue and are fast becoming a major part of our daily lives. From budgeting to applying for a personal loan, these mobile financial apps have made managing money easier than ever before.

However, there are a plethora of financial apps out there, but not every app is worth downloading. This article gives you a list of financial apps, which will help you take the guesswork out of digitizing your finances and download the ones that are worth their weight in gold. So, let’s take a look.

Money Transferring Apps

1. OFX

OFX is the best app to transfer money overseas. It boasts of an impressive list of countries that you can transfer money to. You can lock-in the best exchange rate with the help of its live exchange rate currency converter. You can make as many transfers you want, but there is a cap on the minimum amount of money you transfer.

2. Paypal

Paypal has been around longer than most other money transfer apps. It’s secure and it has a wide network of countries that you can send money to. Paypal is the best app to transfer money to remote areas that you otherwise may not have access to.

3. Google Pay

Google Pay works with your existing bank account to pay and receive payments straight from your bank account at zero fees. It supports around 2000 apps to help you book travel tickets, pay electricity bills, shop online, etc.

Budget Apps

4. Mint

If you want to keep a super detailed budget, Mint is the app for you. Mint allows you to create as many categories you want and also lets you categorize transactions on the go. This budgeting app automatically pulls your credit card and bank account transactions and keeps them in one place. It also keeps track of your spending and provides valuable insights into your spending habits helping you to identify spots where you can improve.


YNAB (You Need a Budget) claims that a new budgeter can save $200 in the first month of using YNAB. The cost of using this app is $6.99 per month, but the first month’s fee is waived. Even if you are not able to save quite much, the app is still worth a try because it works on a unique philosophy that encourages you to think ahead and plan your expenses much ahead in time. It can be used to set financial goals too.

6. Albert

Albert is your finance assistant. Albert uses artificial intelligence and human guidance to give you information about your financial health and ways to improve it.

Albert creates a personalized budget for you considering your income, bills and spending habits. Albert also helps you set money aside in a savings account. Albert is a free app, but if you want human experts to guide you in achieving your financial goals, you need to pay a small premium.

Personal Loan Apps

7. MoneyTap

MoneyTap is an app-based credit line. It offers personal loans in the form of a line of credit. MoneyTap app provides a hassle-free loan application process and quick approvals. With just a tap of a button, you can apply for a loan of anything between Rs. 25,000 to Rs. 5 Lakh and use the money for whatever you want at any time and from anywhere. An interesting feature of MoneyTap is that you pay interest only on the amount you borrow from the credit line.

8. Dhani

Dhani popularly known as the phone se loan app instantly approves your personal loan application and disburses the loan amount to your bank account. You can get a loan approved of up to Rs. 15 Lakh.

9. IndiaLends

IndiaLends offers personal loans online through its cash loan app. The instant personal loan app makes use of technology for risk assessment to make the loan process efficient, easier and shorter.

Investment and Trading Apps

10. TD Ameritrade Mobile

A basic version of TD Ameritrade allows you to customize your screens and dashboards, transfer funds, access research, and advice, get market notifications, and also watch videos that teach you how various types of trades and investments work. The advanced version of TD Ameritrade is for expert or active investors. It is loaded with technical indicators, charts, and analysis to help you make trade decisions and enter on the go.

11. Robinhood

Robinhood is one of the best stock trading apps available today. It is great for stocks, ETFs and the recently added Bitcoin. It essentially focuses on tracking stocks you own and on your watchlist.

12. Acorns

Acorns allow you to invest without any effort. You just have to set it up to get it going. Acorns help you to set up recurring withdrawals to your account and also rounds up all your transactions.

Through these financial apps, technology offers you a chance to understand your finances and improve your money management skills. From the list above, find the right money management app to match your style and watch your financial situation improve.

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at shiv@moneytap.com.

Anand Narayanaswamy is the editor-in-chief of Netans. He was recognized as a Microsoft Most Valuable Professional (MVP) for 9 years (2002 to 2011) and again as a Microsoft MVP in Surface under Windows and Devices in January 2024. He worked as a Chief Technical Editor with ASPAlliance and was part of ASPInsider program. Anand has published several articles and reviews related to various software and hardware products for various software and technology related websites. He is also active on social media and also participates as an Influencer for various brands. Anand can be reached at admin@netans.com

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